In light of the threat to the financial sector, France's financial regulator (AMF) and the French National Cybersecurity Agency (ANSSI) have agreed to work together more closely protect IT and financial markets infrastructure. On the 16th of February, both agencies signed a letter of intent.
"The financial industry and the markets are particularly vulnerable to digital risks and cyberattacks," said the AMF.
The AMF is responsible for ensuring the orderly operation of French equities, FX and bond markets. As such, it shares joint responsibility with ANSSI for the digital security of this sensitive sector.
ANSSI, as the national cybersecurity authority, is tasked with tackling threats against public infrastructure and private industry, in particular IT system of vital importance to the state.
The AMF said in their press release that both agencies will closely collaborate by sharing information regarding incidents that affect the security of various information systems, as well as managing of crises.
While both institutions already have a working relationship, this letter of intent is the next step in strengthening those ties:
"This agreement follows a similar initiative with the Autorité de Contrôle Prudentiel et de Resolution in the banking and insurance sectors, to promote coordinated action in response to digital security challenges."
